Intel carries on tentative climb - Analysis - 07-01-2021

Intel's stock (INTC) advanced 0.26% in the last session amid negative signals from the RSI after reaching overbought levels, settling at 54.01, while buoyed by piercing the main downward trend line recently, while also buoyed by trading above the 50-day SMA.

Therefore we expect more gains for the stock, targeting the important resistance of 58.40, provided the support of 51.95 holds on.

Expected trend for today: Bullish